Reports

ZEDRA Expects Triple-Digit Revenue Growth In 2021

Editorial Staff, 6 July 2021

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The firm issued a highly upbeat prognosis on the UK's standing as a wealth management source of business.

ZEDRA, which specialises in wealth, corporate, global expansion and fund services, said yesterday that it expects to record triple-digit revenue growth in 2021, having expanded its client base by 20 per cent between October 2020 and June 2021.

The statement from the firm didn’t provide a hard number on its revenues; this publication has contacted ZEDRA and may update in due course.

ZEDRA said that its headcount has also tripled in the same period with an additional 139 employees.

In a bullish comment about the UK wealth sector and life beyond the departure from the European Union, ZEDRA noted the recent Boston Consulting Group report which said that in 2020, UK wealth grew faster than the European average: 7 per cent in the UK compared with 5 per cent for Western Europe.

Over the past year, ZEDRA made two acquisitions in the UK: the global expansion firm, Fitzgerald & Law, and the institutional pension scheme governance service provider, Inside Pensions. The former has expanded ZEDRA's London offering to include a full suite of services required by multinationals when expanding overseas including accounting, tax, HR and payroll. The latter serves trustees of pension trusts.

As of today, Inside Pensions has been rebranded to ZEDRA and the team, led by Ryan Powell and Rachael Fortescue, remains located in their St Albans' office.

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